Michael Kim Acquires Multifamily Property In San Jose For $9.1M
51 Glen Eyrie Avenue, San Jose, California 95125, United States
$9,088,000
$603/SF
Building Size
15,056 SF
Asset Type
MultiFamily
Closing
Jan 26, 2022
AI
The multifamily property located at 51 Glen Eyrie Ave in San Jose, CA was recently sold in a closed transaction. The property spans a total of 15,056 square feet and was sold for a price of $9,088,000, resulting in a price per square foot of $603.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $9,088,000
- Address: 51 Glen Eyrie Ave
- Market: San Jose, CA
- Square Footage: 15,056
- Buyer: Michael Kim
- Seller: John Peterson & Jamie D'Alessandro
Michael Kim emerged as the buyer in this transaction, while John Peterson & Jamie D'Alessandro acted as the sellers. The deal represents a significant investment in the multifamily property market in San Jose, CA.
San Jose MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.75%
Cash-on-Cash
-0.50%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93